Portfolio Rebalancing -- a Real-Time View, Part I
I did a major rebalancing of my growth strategy last week, and thought I'd give you a real-time look into the thought process behind managing an institutional portfolio -- which includes a glimpse at my holdings and what I like and do not like. If you run institutional money, many of the ideas will resonate and some may be new or, perhaps, even abhorrent. If you run just your own personal account, some of my actions could give you ideas on how to exploit the things that institutions must do.
The portfolio you are looking at is my earnings momentum strategy/valuation sensitive "growth at a reasonable price" (GARP) strategy. It's risen at an average 6% annually over the past 14 years, outperforming its benchmark, the S&P 500, by more than 300 basis points per year. ...544 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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